Posts tagged nyc
deal of the week!
Aug 28th
Large One Bedroom on Sullivan between Prince & Houston for $2,000
Exposed Brick, High Ceilings, Quiet Interior Facing Bedroom, Great Soho Location near all the best shops, restaurants, and so many trains: A,C,E,B,D,F,M,N,R,1!!! This should be gone within a day or two, so call me if you’d like to see it right away! It is vacant as of 9/1, so the lease would have to start shortly after. No pets!
Scott 646.637.6377 
west village deals are here this week
Jul 21st
HYPNOTIZING!!! West Village deals are out this week. Jump on them before they disappear!
—-West Village Under $2,000!!!—-
| Fifth Ave & W 8th | $1,295 | Tiny-ass studio with non existent kitchen. Elevator. | |
| Perry & Greenwich Ave | $1,700 | Nice Studio, high ceilings, new kitchen. | |
| King & 6th Ave | $1,875 | Large Studio, recently renovated, comfortable space. | |
| Bleecker & 6th Ave | $1,900 | 1BR, fits queen bed, south facing, exp brick, great deal! | |
| Downing & Bedford | $1,900 | High Beamed Ceilings, Fireplace, Skylight, amazing block! | |
| Thompson & Prince | $1,950 | 2 Room Studio, Nicely Renovated, Awesome Layout | |
| Sullivan & Prince | $1,995 | 2 Room Studio, Right Below Wash Sq Park, Sunny! | |
FIRE!!!
Jul 12th
I was headed to a lease signing, just above houston st on broadway and spotted fire fighters putting out a fire on top of that big building above the adidas store! Check out the video…
Get Your Paperwork!!!
Jun 24th
It’s very important as explained in this video. Here is the list below:
- Letter of employment stating salary, position, and length of employment. (if self employed, a letter from your certified public accountant.)
- Last two year’s tax returns (first two pages only)
- Most recent bank statement
- Two most recent consecutive pay stubs
- Verification of any additional income (i.e. trust fund, portfolio statement)
- Clear copy of Photo ID
Feel free to call me to discuss, if you’re renting an apartment in Manhattan.
Scott 212.775.6127
state of the rental market 6/1
Jun 1st
What is going on? I’ll tell you…. LOW VACANCY!
The rental market in Manhattan is back to where we were a few years ago, except the prices are still a bit lower. Everything I predicted this would happen, but what I did not predict is how few apartments would be popping up at the beginning of the month. I expected to get some more new inventory, but we aren’t! Just a few new apartments popping up at higher prices and with no incentives. Again, the prices are still lower than they were back when the vacancy was less than 1% a few years ago. It will take a little while before they creep back up. But they are higher than they were a couple of months ago… even just last month.
“No Fee” and “Free Rent” are two incentives that are disappearing. Many of the big landlords and management companies have stopped paying broker fees because they simply don’t have to. So be prepared to pay a broker fee… unless you want a big cookie-cutter highrise building that still pays the fee or an apartment that the landlord is having trouble getting rid of. Keep in mind that on Craigslist (or “fantasy world”) the weak brokers who do not think their phone will ring unless the ad reads “no fee,” are all going to be advertising the same 5 apartments that will pay their fee. Do not use Craigslist to gauge the market! Craigslist is like those camera/electronics stores in midtown that have 5 million products in the front window. There are much better sources, like my company where the listings are actually real-time and coincide with our database –> www.markdavidny.com
My assumptive reasoning is that everyone got such a great deal last year, either in a new apartment or renegotiating their rent and these people are staying right where they are. Now the people who need to move are having to take whatever is left! So the serious people relocating or in a situation where they need to be out are the ones grabbing everything right now. People who are casually looking are just spinning their wheels. If you don’t NEED to move, it’s probably not a good idea to just shop around.
This is the type of violent market where apartments pop up and rent SAME DAY! So have all of your paperwork ready and be prepared to JUMP on an apartment, if you like it and can see yourself living there. If you need advice, feel free to give me a call. I’m used to this type of market, so it’s a quick adjustment for me!
Scott 212.775.6127
may rental update from the subway!
May 7th
May 7th 2010… The rental market is hot! I had 62 phone calls on my cell, incoming/outgoing combined. Booked about 10 appointments. Prices are going up a little bit, incentives such as free rent/no fee, are disappearing, and hot apartments are renting within a day or two! Summer is back!
Give me a call if you want to work with the best.. Scott @ 212.775.6127
rental market: calm before the storm
Apr 28th
The vacancy rate for apartment rentals in Manhattan is noticeably low right now (end of April 2010.) Landlords are sending out their lists and there aren’t many listings. For Example; Pan Am Equities who manages over 50 rental buildings, just sent us their list with only 6 apartments on it!
May through August is the busiest time of the year for rentals and many, many leases will expire over the next few months. There will be lots of apartments popping up and if they start renting just as fast, we will see an increase in prices. As the vacancy rate drops, you will stop seeing incentives such as “no fee” or “free rent,” with the exception of undesirable apartments or locations. Prices have already started going up and they will definitely continue to. It’s just a question of how much.
There are a ton of people looking for a June 1st move in date and they are all starting to look right now! If you need to move, it is a very good idea to be prepared with all of your paperwork and try and find a great broker to work with. I don’t want to turn this article into a self promotion, but I have to encourage you to give me a call if you would like to work with someone who knows the market and knows how to best assist you in your search. Here at Mark David & Company, we have very high closing ratio (close to 90%!) and we get our customers what they want! Avoid the shady real estate rat!
May is going to be insanely busy and everyone is going to be looking for the same thing that you are! Be prepared and stay away from inexperienced agents! Work with someone who has the inside track and sees can rent you the perfect apartment before it even hits the market! I expect to be getting some very large lists of apartments next week and I can’t wait!
Call me if you want the best service possible 
Scott @ 212.775.6127
